The IOE Network is defined as: “The open protocol and standard for enabling connection and value flows between any energy device, user, or market.”
The Internet of Energy Network is an interconnected system of minigrids that facilitate transactions within and between minigrids: from the appliance level and consumption, to storage and generation. This re-engineers grids to operate as an intelligent cooperative system, where devices in the network adjust their behaviour to suit local grid needs and the needs of individuals, based on economic incentives.
The Internet of Energy network is supported by two currency layers. The Internet of Energy Network currency, IOEN (pronounced ‘ion’), is the top layer currency that is used as a staking mechanism to provide financial liquidity and governance over execution to unlock local transactive minigrids. Staking the tokens allows local Internet of Energy Communities (IOEC) to facilitate transactions and interactions within a minigrid. The local transaction systems are built on the Holochain platform and benefits from the Holochain core competencies in privacy, scalability, and efficiency. The IOEN Protocol is open source to unlock the capabilities of clean energy minigrids globally.
Clean energy minigrids are the future of energy everywhere. IOEN’s mission is to create and deliver the digital infrastructure through blockchain and Holochain technologies that accelerate this transition for everyone.
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